42.21% from 49.47% during the previous week. The percentage of investors who described themselves as neutral on the stock market fell to 27.00% from 29.79%, according to the poll. The data is pretty much what you expect to see after the recent market rally. Last week's 49% bearish sentiment was high, but major market bottoms usually coincide with a bearish number of around 55%. We have not yet seen that, which makes it hard to say that we made a definitive market bottom. At best, it looks like a short-term trading bottom.
Below is a 3-month chart.
2-Year Chart AAII Sentiment Survey
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Some good news maybe more good news in in store.
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